ABSTRACT
Chinese companies have started to win first place in global markets. Huawei has just overtaken Sweden’s Ericsson to become the world’s largest telecoms equipment maker. Even though many foreigners still cannot pronounce its name (some call it “Hawaii,” and the firm has even produced a video teaching people to say hwah-way), Huawei is becoming an increasingly powerful global player, capable of going head-to-head with the best in intensely competitive markets. It follows Haier, which is already the leading white goods maker; now Lenovo is challenging Hewlett-Packard as the world’s biggest PC-maker. Plenty more will follow. 1
